Stucco Market: Industry Analysis and Forecast (2024-2030) Trends, Statistics, Dynamics, Segmentation

  • The Global Stucco Market is expected to reach USD 32.75 Bn. in 2030 from USD 24.06 Bn in 2023 at a CAGR of 4.5% during the forecast period.

  • Format : PDF | Report ID : SMR_1087

Stucco Market Overview:

Stucco is a plaster from Portland cement materials, sand, lime, water, and a variety of raw materials mixed together to form a plaster. It is used to cover the inside and outside surfaces of walls, ceilings, and floors, as well as to make cornices, moldings, and other decorative elements. It is appropriate for both hot and cold climates because it requires little maintenance and can withstand harmful sun rays. Several manufacturers now offer hard, durable, cost-effective, and fire-resistant product variants that can be applied to a wide range of materials, including steel, clay, brick, wood, and concrete.

 

Stucco plaster is extremely popular because it provides a great surface finish, is relatively inexpensive, and requires little maintenance. Other desirable properties of stucco include the fact that, when hardened, it is hand, fire-resistant, strong, and retains the color that is applied to it. Another important feature of stucco plaster is that it is breathable or capable of transferring moisture, so water that enters the plastered surface does not become trapped. As a result, the plaster becomes resistant to fungus and rot and can be used in all types of climates, including wet, hot, dry, and cold.

 

Stucco Market

 

To get more Insights: Request Free Sample Report

 

Stucco Market Dynamics:

Increasing demand for stucco in residential and commercial infrastructures such as buildings, highways, apartments, and skyscrapers due to its numerous properties such as hardness, finishing durability, rot and fungus resistance, low maintenance, fire resistance, color retention, and low cost is a major factor driving the Stucco market growth. During the forecast period (2024-2030), the use of stucco as a decorative coating for walls and ceilings, external building siding, and as a sculptural and artistic material in architecture is predicted to boost demand for stucco.

 

Rapid growth in the global construction industry, combined with the versatility of stucco, which can be applied to concrete, concrete masonry, brick, wood frame, and steel frame, is propelling market growth even further.

 

The growing urban population and increase in industries are driving the growth of the stucco market. For the next 12 years, global GDP is expected to grow at a 3.5 % annual rate, while construction output will grow at a 4.3 % annual rate. As a result, the construction industry is expected to account for a larger portion of the global economy. As a result of rising construction activity, demand for stucco is expected to rise, propelling the market forward.

 

Stucco allows owners and developers to achieve the look of European-style buildings at a low cost. Designers, architects, and property owners value stucco's design flexibility, natural beauty, and non-fading properties, as well as its compatibility with other cladding materials. Stucco can be used on both curved and flat walls to create unique design solutions. Plaster has a high fire resistance and is simple to maintain. It has a wide range of applications, is easy to build, has excellent crack resistance, strong weather resistance, natural decoration, and is anti-fouling and mildew resistant. Moreover, some of the factors driving the global stucco market include rising disposable income levels, continued economic development, and an increase in the number of residential and commercial buildings.

 

Below listed are a few Stucco Market opportunities:

  • Due to rapid industrialization and increased residential and non-residential construction activities around the world, new demand for stuccos is arising.
  • Due to the growing working population and the trend of modern offices, stuccos are gaining traction in commercial establishments for enhanced aesthetics, which opens up larger market opportunities.

 

Stucco Market Segment Analysis

Based on the type, the Stucco market is segmented into traditional and insulated.

Insulated - During the forecast period, the insulated segment is expected to grow at a faster rate. Insulated stucco is a more energy-efficient option that helps keep air cooler in the summer and heats the air in the winter, making it popular in the construction of energy-efficient buildings. Furthermore, it allows for the incorporation of additional design elements such as keystones, cornerstones, or other decorative accents on the exterior, which will fuel the growth of the insulated stucco market.

 

Traditional - The traditional segment dominated the stucco market in the past. The traditional segment's strong market position can be attributed to superior properties such as high strength, long durability, fire resistance, and moisture resistance.

 

Based on Material, the Stucco market is segmented into cement, aggregates, admixture, plasticizers, reinforcement, bonding agents, and others.

Cement - The cement segment is expected to grow at a faster CAGR in the market during the forecast period, owing to the increasing use of a variety of cement, such as Portland cement, masonry cement, white Portland cement, blended cement, and plastic cement in the production of stucco.

Aggregates - Aggregates will also increase the global stucco market share because stucco is applied wet and hardens into an extraordinarily hardened dense solid.

 

Based on end-use, the Stucco market is segmented into residential and non-residential.

 

Stucco Market

 

Residential - The residential segment of the stucco market is the fastest growing. During the forecast period, the residential segment is expected to grow at a faster CAGR. This is due to the growing demand for energy-efficient homes, as well as the increased construction of buildings in the residential sector around the world. The developing world's growing population and rising middle-class population are expected to boost market growth even further.

Non-Residential - The non-residential segment is estimated to grow with the highest CAGR during the forecast period, which can be attributed to rapid industrialization and the growing non-residential sector across the globe.

 

By product, the Stucco market can be segmented into three major parts: Coat Stucco, Exterior insulating & finishing system, and Traditional Three-Coat Stucco.

 

The traditional three-coat stucco segment contributed the most to the market. Stucco was traditionally applied in three coats: the scratch coat, the brown coat, and the finish coat. The finish coat contains colour and is used to create texture. During the forecast period, the exterior insulating & finish systems segment is expected to grow at the fastest CAGR.

 

Stucco Market by Region:

Based on the Region, the Stucco Market is segmented into five major regions North America, Europe, Asia Pacific, South America, and Middle East & Africa.

North America - North America had the second-largest market share in 2023 and is expected to grow at a faster CAGR in the global stucco market over the forecast period.

Europe - Europe is expected to grow at a high CAGR of 3.5 % in the global stucco market over the forecast period.

Asia Pacific - During the forecast period 2024-2030, Asia Pacific is expected to grow at a faster CAGR of 5.3 percent in the global stucco market. The demand for new construction, as well as the upgrading or repair of older facilities, drives this industry in this Region. Demand for stucco in this Region is also being driven by an increase in the number of new housing units and significant investments in the non-residential sector.

South America, Middle East & Africa – These regions grow at a comparatively lower CAGR than other regions.

 

The Global Stucco Market report's goal is to provide stakeholders in the industry with a comprehensive analysis of the Global Stucco Market. The report identifies the dominant trends in the Global Stucco Market and how these trends will influence new business investments and market development over the forecast period. The report also aids in the understanding of the Global Stucco Market dynamics and competitive structure by analysing market leaders, market followers, and regional players.

 

The qualitative and quantitative data provided in the Global Stucco Market report will aid in understanding which market segments, regions, and factors affecting the market, as well as key opportunity areas, will drive the industry and market growth over the forecast period (2024-2030). The report also includes the competitive landscape of key industry players, as well as their recent developments in the Global Stucco Market. The report investigates factors such as company size, market share, market growth, revenue, production volume, and profits of the key players in the Global Stucco Market.

 

Stucco Market

 

The report includes Porter's Five Force Model, which aids in the development of market business strategies. The report assists in determining the number of competitors, who they are, and the quality of their products in the Global Stucco Market. The report also examines whether it is easy for a new player to gain a foothold in the Global Stucco Market, whether they enter or exit the market on a regular basis, whether the market is dominated by a few players, and so on.

 

The report also includes a PESTEL Analysis, which aids in the development of company strategies. Political variables aid in determining how much a government can influence the Global Stucco Market. Economic variables aid in the analysis of economic performance drivers that have an impact on the Global Stucco Market. Understanding the impact of the surrounding environment and the impact of environmental concerns on the Global Stucco Market is aided by legal factors.

 

Stucco Market Scope

Global Stucco Market 

Market Size in 2023

USD 24.06 Bn.

Market Size in 2030

USD 32.75 Bn.

CAGR (2024-2030)

4.5%

Historic Data

2018-2022

Base Year

2023

Forecast Period

2024-2030

Segment Scope

By Material

  • Cement
  • Aggregates
  • Reinforcement
  • Admixture
  • Plasticizers
  • Bonding agent
  • others

By Type

  • Insulated
  • Traditional

By End User

  • Residential
  • Non-Residential

Regional Scope

North America- United States, Canada, and Mexico

Europe – UK, France, Germany, Italy, Spain, Sweden, Austria, and Rest of Europe

Asia Pacific – China, India, Japan, South Korea, Australia, ASEAN, Rest of APAC

Middle East and Africa - South Africa, GCC, Egypt, Nigeria, Rest of the Middle East and Africa

South America – Brazil, Argentina, Rest of South America

 

Stucco Market Key Players

The key players of the global stucco market are

  • The QUIKRETE Companies (USA)
  • Sika AG (Switzerland)
  • Cemex S.A.B. de C.V. (Mexico)
  • BASF SE (Germany)
  • DuPont DE Nemours (USA)
  • Omega Products International (USA)
  • Sto SE & Co. KGaA (Germany)
  • California Stucco Products Corp. (USA)
  • Western Blended Products (USA)
  • DRyvit (USA)
  • Parex Inc. (Canada)
  • Merlex Stucco (USA)
  • LaHabra Stucco (USA)
  • CertainTeed Corporation (USA)
  • Arcat Inc. (USA)
  • Integrated Stucco Inc. (USA)
  • RPM International Inc. (USA)
  • Fosroc International Ltd. (UK)
  • Mapei S.p.A. (Italy)
  • GCP Applied Technologies Inc. (USA)
  • Heidelberg (Germany)


CHOOSE LICENSE TYPE


Single User - $4900

Corporate User - $6700

Frequently Asked Questions

The market size of global Stucco Market in 2023 was US $ 24.06 Bn.

  1. Scope of the Report
  2. Research Methodology
    • Research Process
    • Global Stucco Market: Target Audience
    • Global Stucco Market: Primary Research (As per Client Requirement)
    • Global Stucco Market: Secondary Research
  3. Executive Summary
  4. Competitive Landscape
    • Market Share Analysis by Region in 2023(%)
      • North America
      • Europe
      • Asia Pacific
      • Middle East and Africa
      • South America
    • Stellar Competition matrix
      • Global Stellar Competition Matrix
      • North America Stellar Competition Matrix
      • Europe Stellar Competition Matrix
      • Asia Pacific Stellar Competition Matrix
      • South America Stellar Competition Matrix
      • Middle East and Africa Stellar Competition Matrix
    • Key Players Benchmarking: by Product, Pricing, Investments, Expansion Plans, Physical Presence, and Presence in the Market.
    • Mergers and Acquisitions in Industry: M&A by Region, Value, and Strategic Intent
    • Market Dynamics
      • Market Drivers
      • Market Restraints
      • Market Opportunities
      • Market Challenges
      • PESTLE Analysis
      • PORTERS Five Force Analysis
      • Value Chain Analysis
  5. Global Stucco Market Segmentation
    • Global Stucco Market, by Region (2023-2030)
      • North America
      • Europe
      • Asia-Pacific
      • Middle East & Africa
      • South America
    • Global Stucco Market, by Type (2023-2030)
      • Traditional
      • Insulated
    • Global Stucco Market, by Material (2023-2030)
      • Cement
      • Aggregates
      • Admixture
      • Plasticizers
      • Reinforcement
      • Bonding agent
      • Other
    • Global Stucco Market, by End-User (2023-2030)
      • Residential
      • Non-Residential
  6. North America Stucco Market Segmentation
    • North America Stucco Market, by Type (2023-2030)
      • Traditional
      • Insulated
    • North America Stucco Market, by Material (2023-2030)
      • Cement
      • Aggregates
      • Admixture
      • Plasticizers
      • Reinforcement
      • Bonding agent
      • Other
    • North America Stucco Market, by End-User (2023-2030)
      • Residential
      • Non-Residential
    • North America Stucco Market, by Country (2023-2030)
      • United States
      • Canada
      • Mexico
  7. Europe Stucco Market Segmentation
    • Europe Stucco Market, by Type (2023-2030)
    • Europe Stucco Market, by Material (2023-2030)
    • Europe Stucco Market, by End-User (2023-2030)
    • Europe Stucco Market, by Country (2023-2030)
  8. Asia Pacific Stucco Market Segmentation
    • Asia Pacific Stucco Market, by Type (2023-2030)
    • Asia Pacific Stucco Market, by Material (2023-2030)
    • Asia Pacific Stucco Market, by End-User (2023-2030)
    • Asia Pacific Stucco Market, by Country (2023-2030)
  9. Middle East and Africa Stucco Market Segmentation
    • Middle East and Africa Stucco Market, by Type (2023-2030)
    • Middle East and Africa Stucco Market, by Material (2023-2030)
    • Middle East and Africa Stucco Market, by End-User (2023-2030)
    • Middle East and Africa Stucco Market, by Country (2023-2030)
  10. South America Stucco Market Segmentation
    • South America Stucco Market, by Technology (2023-2030)
    • South America Stucco Market, by Material (2023-2030)
    • South America Stucco Market, by End-User (2023-2030)
    • South America Stucco Market, by Country (2023-2030)
  11. Company Profiles
    • Key Players
      • The QUIKRETE Companies (USA)
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Business Strategy
        • Key Developments
      • Sika AG (Switzerland)
      • Cemex S.A.B. de C.V. (Mexico)
      • BASF SE (Germany)
      • DuPont DE Nemours (USA)
      • Omega Products International (USA)
      • Sto SE & Co. KGaA (Germany)
      • California Stucco Products Corp. (USA)
      • Western Blended Products (USA)
      • DRyvit (USA)
      • Parex Inc. (Canada)
      • Merlex Stucco (USA)
      • LaHabra Stucco (USA)
      • CertainTeed Corporation (USA)
      • Arcat Inc. (USA)
      • Integrated Stucco Inc. (USA)
      • RPM International Inc. (USA)
      • Fosroc International Ltd. (UK)
      • Mapei S.p.A. (Italy)
      • GCP Applied Technologies Inc. (USA)
      • Heidelberg (Germany)
  12. Key Findings
  13. Recommendations

Enquiry Before Buy


Request Sample PDF